REGISTERED NUMBER: 10381420 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

F.I.T.123 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Gardener

L L Gardener

REGISTERED OFFICE:

Orchard Rise

Holberrow Green

Redditch

Worcestershire

B96 6SF

REGISTERED NUMBER:

10381420 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

875

1,458

Tangible assets

5

98,290

124,980

99,165

126,438

CURRENT ASSETS

Stocks

6,750

-

Debtors

6

137,935

275,229

Cash at bank

128,160

66,032

272,845

341,261

CREDITORS

Amounts falling due within one year

7

30,945

34,963

NET CURRENT ASSETS

241,900

306,298

TOTAL ASSETS LESS CURRENT LIABILITIES

341,065

432,736

PROVISIONS FOR LIABILITIES

22,803

27,752

NET ASSETS

318,262

404,984

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

318,260

404,982

318,262

404,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

L L Gardener - Director

S Gardener - Director

1.	STATUTORY INFORMATION

F.I.T.123 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Home Office

-

Straight line over 10 years

Plant and machinery

-

20% on reducing balance

Office Equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 October 2024

and 30 September 2025

1,750

AMORTISATION

At 1 October 2024

292

Amortisation for year

583

At 30 September 2025

875

NET BOOK VALUE

At 30 September 2025

875

At 30 September 2024

1,458

5.	TANGIBLE FIXED ASSETS

Home

Plant and

Office

Office

machinery

Equipment

£

£

£

COST

At 1 October 2024

6,970

10,054

4,390

Additions

-

1,689

1,079

Disposals

(6,970

)

-

(310

)

At 30 September 2025

-

11,743

5,159

DEPRECIATION

At 1 October 2024

775

5,180

2,791

Charge for year

233

1,212

400

Eliminated on disposal

(1,008

)

-

(64

)

At 30 September 2025

-

6,392

3,127

NET BOOK VALUE

At 30 September 2025

-

5,351

2,032

At 30 September 2024

6,195

4,874

1,599

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

195,515

5,108

222,037

Additions

-

1,897

4,665

Disposals

-

-

(7,280

)

At 30 September 2025

195,515

7,005

219,422

DEPRECIATION

At 1 October 2024

85,134

3,177

97,057

Charge for year

22,076

1,226

25,147

Eliminated on disposal

-

-

(1,072

)

At 30 September 2025

107,210

4,403

121,132

NET BOOK VALUE

At 30 September 2025

88,305

2,602

98,290

At 30 September 2024

110,381

1,931

124,980

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

23,105

58,120

Other debtors

12

16,262

Directors' current accounts

109,018

195,627

VAT

3,425

2,955

Prepayments

2,375

2,265

137,935

275,229

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

8,713

5,985

Tax

12,319

19,759

Social security and other taxes

4,288

4,911

Other creditors

1,801

829

Accrued expenses

3,824

3,479

30,945

34,963

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

L L Gardener

Balance outstanding at start of year

90,665

38,282

Amounts advanced

56,271

110,031

Amounts repaid

(91,070

)

(57,648

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,866

90,665

S Gardener

Balance outstanding at start of year

104,962

56,511

Amounts advanced

53,785

105,868

Amounts repaid

(105,594

)

(57,417

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,153

104,962

The above amount owed to the company by the director is charged at the HMRC official rate of interest, and is repaid in full following the balance sheet date.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by reason of their holding all the issued share capital in the company.